6822 Arcola Street Burnaby, British Columbia V5E 1H3
$3,980,000
Excellent investment opportunity! This well-maintained 2-storey apartment building features 10 fully rented units, generating a solid annual rental income of approximately $175,000, plus an additional $2,000 from laundry facilities. The property has seen numerous recent upgrades, including new roofs, energy-efficient windows, a new boiler and furnace, fresh exterior paint, and durable laminate flooring throughout'all contributing to lower maintenance costs and improved tenant satisfaction. Located in a highly desirable area with stable, long-term tenants, this property offers strong, consistent cash flow. Ideal as a holding property with tremendous upside, it sits within a potential 20-storey high-rise land assembly zone, making it perfect for future redevelopment. Don't miss out on this rare opportunity in a prime growth location! (id:27293)
Property Details
| MLS® Number | C8069198 |
| Property Type | Multi-family |
Building
| Constructed Date | 1958 |
| Size Interior | 9,000 Ft2 |
Land
| Acreage | No |
| Size Irregular | 9000 |
| Size Total | 9000 Sqft |
| Size Total Text | 9000 Sqft |
| Zoning Description | Rm3 |
https://www.realtor.ca/real-estate/28312483/6822-arcola-street-burnaby
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May 22 2025 01:59:25
Greater Vancouver REALTORS®
RE/MAX City Realty, RE/MAX Crest Realty
